Sino-Myanmar border trade amounted to $1.226 bln in H1

The value of border trade between Myanmar and China through five border posts topped US$1.226 billion between 1 April and 30 September in the current financial year 2022-2023, according to the Trade Department under the Ministry of Commerce.
Myanmar has been conducting cross-border trade with the neighbouring countries (China, Thailand, Bangladesh and India) through 18 border posts.
In H1, Myanmar’s trade through Muse and Lweje posts was valued at $1.101 billion. The values of trade were registered at $77.03 million in Chinshwehaw and $42.76 million in Kampaiti posts. Kengtung border post witnessed trade worth $4.9 million. Thailand is the major trade partner with Myanmar on the border, followed by China in second place. In the 2020-2021FY (October to September), Myanmar conveyed goods worth $4.905 billion to China.
Following the ease of COVID-19 restrictions, Myanmar’s border posts (Chinshwehaw, Kyinsankyawt and Kampaiti) were back to business. Additionally, Yuan-Kyat direct payment in the border trade was also allowed. Afterwards, the authorities are prioritizing the Sino-Myanmar border to return to normalcy, export promotion to China and increasing the income of the Myanmar citizens. – TWA/GNLM